The Bottom Line: NewSpring Invests in Boston Valley Terra Cotta
December 06, 2021
NewSpring, a family of private equity strategies, announced today that NewSpring Mezzanine, the Firm’s dedicated mezzanine strategy, has made a growth investment into Boston Valley Terra Cotta (BVTC) alongside Spring Capital and Isleworth Capital Partners.
BVTC is a leading global manufacturer of architectural ceramics
BVTC is a global leader in the architectural terra cotta industry, serving the restoration, renovation, and new construction markets. By thoughtfully combining advanced technology with traditional craftsmanship, the company contributes to the successful preservation of some of the most architecturally significant buildings in the world, fabricating ornate terra cotta blocks, cornices, and statuary in order to faithfully replicate worn or damaged components.
BVTC operates in a growing niche market
Due to the functional and aesthetic benefits of terra cotta, the custom terra cotta market is expected to grow significantly over the next several years as infrastructure spend focuses on more environmentally friendly building materials. The company’s highly-customized manufacturing process creates a natural barrier to entry for competitors and positions the company well to capture a growing share of this expanding market.
The company will use the proceeds to fuel its growth strategy
BVTC plans to use the proceeds of this transaction to invest in its sales and marketing resources while also increasing capacity to allow the company to better meet the growing worldwide demand for custom terra cotta materials.
“This partnership represents an excellent platform for us to take advantage of additional assets, such as equipment to expand our production line. We also plan to use these resources to increase the scale of our capabilities through improved processes and leading-edge technologies, building on our history as an innovator in the architectural ceramics industry.”
BVTC is led by an experienced leadership team with specialized knowledge and expertise
The company’s leadership team has extensive experience with terra cotta projects and continually dedicates resources to research and development to ensure BVTC stays at the forefront of this growing industry. The current leadership team reaffirms their commitment to providing both products of the highest quality, and the outstanding customer service required to meet and exceed the design expectations of the world’s top architects and engineers.
“For decades, BVTC has provided expertly designed and constructed custom terra cotta materials for a wide range of end markets, manufacturing products for some of the world’s most iconic architectural works. With their dedication to customer service, craftmanship and product innovation, BVTC will continue to grow the reach of its services as this market continues to expand. We’re excited to work with John and his team to build upon the company’s already strong foundation.”